Almarai profit rises 13% in Q4

Riyadh – Mubasher: Almarai Company, a leading dairy producer in Saudi Arabia, said Sunday its net profit for the fourth quarter of 2015 rose by 13% to SAR 484 million, from SAR 428 million.

Net income for FY15 reached SAR 1.9 billion, up 14.4% year-on-year from SAR 1.6 billion.

The increase in Q4 net profit was ascribed to a rise in sales by 7.6%.

Mubasher Contribution Time: 17-Jan-2016 05:14 (GMT)